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The trial balance of Pacilio Security Services, Incorporated as of January 1 , Year 3 , had the following normal balances: Cash$ 8 , 9
The trial balance of Pacilio Security Services, Incorporated as of January Year had the following normal balances:Cash$Accounts ReceivableSuppliesPrepaid RentLandAccounts PayableUnearned RevenueSalaries PayableNotes PayableCommon StockRetained EarningsDuring Year Pacilio Security Services experienced the following transactions:Paid the salaries payable from Year Paid the balance of $ on the debt owed to the Small Business Government Agency. The loan is interestfreePerformed $ of security services for numerous local events during the year; $ was on account and $ was for cashOn May paid $ for months rent in advancePurchased supplies on account for $Paid salaries expense for the year of $Incurred other operating expenses on account, $On October Year a customer paid $ for services to be provided over the next monthsCollected $ of accounts receivable during the yearPaid $ on accounts payablePaid $ of advertising expenses for the yearPaid a cash dividend to the shareholders of $The market value of the land was determined to be $ at December Year AdjustmentsThere was $ of supplies on hand at the end of the yearRecognized the expired rentRecognized the earned revenue from Year and transaction number Accrued salaries were $ at December Year
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